Tyson Foods: EPS falls by much less than expected
(CercleFinance.com) - Tyson Foods has reported a 5% decline in adjusted EPS to 1.
40 dollar in its third quarter, although this still exceeded the consensus by about 50 cents, with its adjusted operating margin reaching 7.6%.
Revenues for the agri-food group that is specialised in meat fell by 8% to 10 billion dollars, with the 2.6% increase in average sale prices not enough to offset a 10.6% decline in volumes.
Alongside this publication, Tyson Foods announced the appointment of Dean Banks to succeed Noel White as its new CEO, effective from 3 October. Noel White will then become Executive Vice Chairman of its Board of Directors.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
40 dollar in its third quarter, although this still exceeded the consensus by about 50 cents, with its adjusted operating margin reaching 7.6%.
Revenues for the agri-food group that is specialised in meat fell by 8% to 10 billion dollars, with the 2.6% increase in average sale prices not enough to offset a 10.6% decline in volumes.
Alongside this publication, Tyson Foods announced the appointment of Dean Banks to succeed Noel White as its new CEO, effective from 3 October. Noel White will then become Executive Vice Chairman of its Board of Directors.
Copyright (c) 2020 CercleFinance.com. All rights reserved.